Housing Replacement Program

Expect a five-year wait for housing replacement assistance.

In cases where it is determined by the City that a home is substandard and not suitable for rehabilitation, a homeowner may be eligible for assistance under the replacement housing program. A replacement home may be in the form of a newly constructed home on the same site or an existing home on another site. Contact the Housing & Neighborhood Services Division at (321) 433-8520 for further assistance.

Maximum assistance per unit is $125,000.

An eligible recipient shall be assisted on a first-come, first-ready basis.

If the recipient receives FEMA assistance or insurance proceeds, those funds must go towards the reconstruction expenses first.

Applicants must demonstrate the ability to pay property taxes, insurance, and utilities. Applicant must maintain the property free of non-structural code violations; and be in good standing with the City (e.g. city utility account) during the term of the deferred payment loan.

Properties will be inspected for eligibility / feasibility and be clear of mortgages, liens, taxes, or any other assessment unless owner has made arrangements to payoff.

If there is an existing mortgage(s) on the home that will be demolished the recipient must be able to pay off the first mortgage or roll it into a new mortgage.

Owners of properties must be the primary residents and properties assisted must be located in the city limits.

All assistance will be given in the form of a Deferred Payment Loan (DPL). The DPL will be a 0% interest rate loan secured by a 20 year, 5 percent forgivable lien period on the replacement property.